Coming Together on Tax Simplification: AMT and Extending the Tax Cuts


 

Publication Date: April 2008

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Guinevere Nell

Research Area: Banking and finance

Keywords: Taxes; simplification; marginal tax rates; amt

Type: Brief

Coverage: United States

Abstract:

Several proponents of small government oppose repeal of the individual alternative minimum tax (AMT) despite that tax's confusing strictures, bureaucratic nature, and excessive demands on the American taxpayer. This is due to an unfortunate misunderstanding of repeal's effects.